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> And that is exactly the opposite of what a land title database is. It's exactly what it is where I live. When you purchase property both parties log in with
by eksemplar 9y ago
> And that is exactly the opposite of what a land title database is.
It's exactly what it is where I live. When you purchase property both parties log in with their state issued digital id to sign the transfer of ownership.
This isn't done by blockchain in Denmark, which means the nationstate owns and operates the system with little openness. NOT a problem in one of the least corrupt countries in the World, but it might as well have been done through blockchain and in 20 years I imagine that it will.
- tom_mellior 9y ago> It's exactly what it is where I live. No. Yes, you can do it online, great. And yes, no other private person can fraudulently do it in your name, also great. But it does not follow that it's impossible to do it without your key; it is possible, and it must be possible, for the authorities. Should the database be public for reading? Yes, absolutely. But you don't need a blockchain for that.